The tech-heavy composite rose over 111 points or 0.9% helped in part by Tesla which continues to smash records.
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Elon Musk's electric-vehicle maker, which will be added to the S&P 500 on December 21, has seen its market cap soar to $555 billion through Friday.
The S&P 500 also closed at a fresh record rising 0.24%, while the Dow Jones Industrial Average rose over 37 points just below that key 30,000 level reached for the first time in history earlier this week.
DOW, S&P, NASDAQ RISE 2% FOR THE WEEK
All three of the major U.S. averages clocked gains of over 2% for the week. Read more at FOX Business